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Launch date
Website
http://xdaichain.com
Investment and technology themes
KANDO id: 4621028

Token information

Also known as
$STAKE

Blockchains

Smart contract
0x0Ae055097C6d159879521C384F1D2123D1f195e6

Digital asset type
Multi-chain staking token that is designed to secure the payment layer.
Blockchain layer
Throughput per second
90

Overview

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

What Makes xDai Unique?

xDai is a derivative of the DAI cryptocurrency, which is a stablecoin whose price is pegged to the US Dollar. The cost to perform a transaction with xDAI is $0.000021 USD. Such a transaction takes up to five seconds.

xDai can be received or sent to another user through the usage of the Dex Wallet mobile application, or the Poketto xDai mobile wallet.

White paper

Current team